Business News
Two in five people stay they began shopping online for the first time at the start of the pandemic. It comes as an initial lockdown in Ireland at the end of March forced all non-essential retailers to temporarily pull down their shutters. Over half of consumers are increasingly shopping online due to Covid-19, according to […]
The private rental market is among the few areas of the commercial property sector to so far escape being negatively impacted by the threat of a hard Brexit and Covid-19. This is due, in part, to a continued shortage of supply. There has been an escalation in interest from both domestic and international investors in […]
Europe’s economic recovery is being cut short as governments implement new restrictions to fight the coronavirus that risk driving the region toward another recession. The four biggest economies are going into various forms of lockdown, overshadowing data that showed a record surge in third-quarter output. A new slump is on the cards, governments are pumping […]
Library of Knowledge No. 39 This new €20 million Ready for Customs grant, administered by Enterprise Ireland, will help SMEs involved in exporting and importing with the UK and further afield to put in place the staff, software and IT systems to be ready for new customs arrangements from 1 January 2021. Up to €9,000…
IRELAND is in line for €8bn of further borrowing support after the European Central Bank (ECB) signalled it would expand the Pandemic Emergency Purchase Programme (PEPP) in December. The predicted purchase of an additional €8bn in Irish Government debt next year is on top of the €10bn expected to be purchased by June next year […]
Mortgage holders are leaving thousands of euro on the table by failing to switch home loan providers, according to new research by the Central Bank of Ireland (CBI). Three in five eligible mortgages could save more than €1,000 in the first year after switching to a cheaper lender and more than €10,000 over the remaining […]
AIB said its performance in the third quarter was more resilient than it had expected with positive momentum reported on a quarterly basis. In a trading update for the three months to the end of September, AIB said it remained comfortable with its full year guidance. AIB said it granted about 66,000 payment breaks to […]
Small and medium sized companies are generally showing signs of resilience in the current challenged trading environment, but there are concerns for particular sectors. That is according to a treasury specialist who works with businesses on managing capital, cash flow and currency moves among other things. John Finn, Managing Director of Treasury Solutions, said the […]
Retail sales rose by 1.5 per cent in September boosted by car and DIY sales but several sectors, including bars, were still well behind pre-pandemic levels. The latest figures from the Central Statistics Office (CSO) also predate the introduction of Level 5 restrictions, which has resulted in the closure of all non-essential retail. This is […]
Stocks tumbled in the US and Europe as rising coronavirus infections and tougher lockdowns added to worries about the economic hit from the pandemic. The S&P 500 Index fell more than 2.5pc, headed for the biggest drop in seven weeks, amid a surge in Covid-19 hospitalisations, especially in the Midwest. Energy shares sank with oil […]